Quarterly Activities/Appendix 5B Cash Flow Report

Altech Batteries (ASX:ATC,FRA:A3Y) is pleased to release its Quarterly Activities/Appendix 5B Cash Flow Report - June 2024

Update on CERENERGY ABS60

BatteryPack Prototypes

CERENERGY® Cell Contacting System manufacturing finished and delivered
All cells for first Prototype completed
Improved cell electrode design showing outstanding results
Cell quality tests by Fraunhofer delivering better than expected capacity
Welding of cells to Cell Contacting System underway
After welding is completed, completed modules will be mounted into ABS60 BatteryPack and first ABS60 Prototype will be completed

Commenting on the progress, MD and CEO Iggy Tan stated “Altech's team in Germany, together with its joint venture partner Fraunhofer, and with the assistance of key suppliers, have made excellent progress on the fabrication of two 60kWh CERENERGY® ABS60 BatteryPack prototypes. All components for the first BatteryPack have now been fabricated. Altech is now completing the welding of the cells to the Cell Contacting System, after which the five completed battery modules will be delivered to Fraunhofer IKTS in Dresden, where all five modules will be mounted into the ABS60 BatteryPack and the first ABS60 Prototype will be completed. The BatteryPack will then be available for testing and demonstration to potential customers, thereby assisting Altech in securing offtake and finance for the 120MWh CERENERGY® battery plant to be constructed on Altech's land in Germany."

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This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Quarterly Activities/Appendix 5B Cash Flow Report